Budget might fail to fuel a rally on D-Street

Investors look to cues from the Finance Minister this morning. The mood in the market is not great as the global cues are weak and there is no enthusiasm among the investors. Bulls look tired at this point of time and the only way they could get up and running is with some help from Pranab this morning. Expect the benchmark index or the Sensex to trade in a band of 150 points for the day

Today's market is a special one, as we have never witnessed this kind of inactivity in the past decade. Specultors and traders stayed away from the market and there is no build up in any kind positions. So we expect the budget to be uneventful, barrig fire works in select counters. Power, Textiles and Renewable Energy stocks are the ones to keep a close eye on, ahead of the budget.

Sical logistics, Liberty Shoes and GVK Power were very active in yesterday's trade. GVK Power in particular has seen huge volumes on the last day of expiry. Godrej Ind and Bata are the other stocks that looked decent.We pick Moser Baer, IDFC and Arvind Ltd the winners in this budget. Overall, a big rally is ruled out, unless Pranab manages to pull out an elephant out of his hat

Budget to decide the fate of the markets

Nifty in ranged today levels sms to all clients

Expect the unexpected,as the markets have discounted an uneventful budget. We see some big gains in select stocks, as there has been relatively, less or no movement in the stocks leading to the budget week.

It is strange that the market has not seen any action in the last two weeks prior to the budget. The Sensex has gained more than 6 percent last year in the 2 week period prior to the budget. We have seen a 1 percent move this year. The volume in the exchanges has gone down by nearly 50 percent, reflecting the disinterest in the market. It is safe to say that the effect of speculators will be less during this session and hence less volatility.

We are not sure about the budget sops, but one thing is for sure, Solar and Renewable Energy is likely to get a big boost in the form of tax sops and MoserBaer might be a great bet in today's market. The stock presents as a good trading opportunity at Rs 73 level.Hotel, Textile and Education sectors might get be other sectors that might get some sops in the budget.

Indian stocks markets are likely to open lower following negative global cues and nervousness among the investors ahead of the budget announcement.Futures expiry is likely to be the key to the direction of the benchmark indices this week. Expect the Sensex to lose nearly a percent or 150 points onces in a day

Realty stocks were surprisingly strong, while weakness in the Auto stocks was a major drag on the indices. We might witness continued weakness in this segment, as the run up has been huge in the Auto stocks.Maruti was hit hard followed by Tata Motors and M&M.

We have seen some unwinding in Sugar stocks following a slide in the global sugar prices. Dhampur Sugars, Rajshree and Mawana made the top losers list. We think that the worst is not over for the sugar pack, yet.Speculative activity continued in stocks like Infinite Computers, Pochiraju Ind and Atul Ltd. The new listing Aqua logistics fared well on its first day with a 10 percent gain at Rs 243 on a volume of 27 million shares.

The market is likely to open in red and might remain sub-dued for most of the day. We advice investors to sit out of the market and wait for things to clear up, before taking positions.Stride Arco, Clutch auto, ANG Auto and Mphasis Ltd are some of the stocks to keep on your radar.

Markets feeling budget Jitters

Long Nifty only above 4940

Stocks on D-Street might see another day of lacklustre trade, following a flat close on Monday. The market is looking for cues from abroad, as there no news on the domestic front. Investors look tensed ahead of the budget later this month and we have not seen bullish or bearish positions in the market. Expect the benchmark index or the Sensex to trade in a band of 100 points for the day

IT and Realty were the surprise winners in yesterday's trade. We might see some selling and profit booking in metal and Realty counters today. Stay away from metal stocks, we are bearish on this sector, as the strengthening dollar and credit tightening might trigger some unwinding in this space. Sterlite Ind, Sesa Goa, Tata Steel and Hindalco are the scrips to avoid in the short to medium term.

In the Midcap space, Investors in Thinksoft remained thought less, as the scrip was locked in lower circuit again.Inox Leisure was one stock that rocked yesterday's session, following an open offer by Reliance Media to Fame India shareholders. investors bid up the stock on the hopes that Inox will realize decent profit on the Fame India shares, it has already acquired. Our favourite Indo Tech transformers managed to stand in the top gainers list. Texmaco Ind, Bata India and Infinite Computers are some of the stocks to keep on the radar from a day trading perspective

Time to prepare yourself for Budget

Buy nifty and book profit

Bulls on D-street look to dominate the street, after a loss of close to 1 percent on the benchmark indices, on Friday. We expect the market to gap up in the open and then crawl from there all through the day. Expect heavy action budget themes, as the stage might set for these stocks

Metals and Realty sectors which suffered heavy losses on Friday might try to recover their losses. The correction on Friday hit the Mid and Smallcap stocks, more than the heavy weights, which lately has not been the trend in the previous corrections.

Watch out for Power, Rail related and some select cement stocks to firm up before the budget fever begins.Banking is another space that looks interesting at the current levels. We like Century Enka, Heidelberg Cement, Ind-Swift labs for today's session.Pidilite Industries,Orchid Chemicals and ABG Shipyard look sharp from a technical perspective.

Stocks set to tumble, as U.S. begins unwinding stimulus

Although we are negative about the broader market, traders could make bets in select counters, Cement and Power in particular. We like cement stocks in the short term, as the news of price hike might bode well for the companies in the short run. Metals is one space we would like strictly avoid in the current market scenario. So please stay away from Hindalco, Tata steel, Sesa Goa and Sterlite Ind at current levels.

Ssome Midcaps like Omax Auto, Hydro S&S, Nilkamal Plastics and NELCO showed some strength in a week market. We see the trend continuing in Midcap space, while largecap stocks might see some consolidation at current levels.

Stocks to trade in a narrow band

Stocks on Dalal Street might open flat to positive on Thursday, after a gain of more than one percent on both the Sensex and Nifty. We expect the major indices to trade in a band of 0.5 percent for the day, as there is a likelihood of profit booking at higher levels. However, we should see buying in select counters like power, which might be major beneficiaries of budget sops

Consumer Durables and Metal sectors were the leaders in yesterday's trade, helped by gains in Tata steel, Sterlite Ind and Hindalco.Telecom counters remained strong with buying activity in Bharti Airtel and Reliance Communications. We might see some profit booking in Metal counters today, so please stay away from getting in to these stocks at higher levels.There was a flurry of buying orders in stocks like On Mobile, Godrej Ind, Fortis Healthcare and Videocon Ind following the announcement that these stocks will be added to the F&O segment starting Feb 19, Friday.

We like Power and power related Midcaps like Indotech Transformers, Voltamp Transformers and Emco Ltd. We see this as a great way to participate in the pre-budget rally. Cement is another sector that might firm up in the run up to the budget. Heidelberg Cement and Prism Cement are the stocks to watch out in the Midcap space. Shares of Thinksoft Ltd failed to find buyers for the second day in a row with the scrip ending lower by 20 percent at Rs 318

Book nifty btst with good profits

Indian markets might open higher on Wednesday following a rally in U.S. and global markets. This will be the second day of big gains for equities after a late surge in the afternoon session. we expect the Sensex to gain

Metal and Auto stocks were the front runners in the market yesterday. Metal stocks might repeat the feet again today, as the falling dollar might help, Steel, Aluminum and Copper stocks.After reaching a nine-month high against the euro on Monday, the dollar slipped slightly Tuesday after fellow euro-zone countries agreed to give Greece one month to show it can right its unbalanced budget.

Power stocks might outperform the rest of the market as the Indian Power stocks are likely to mimic big gains in Power stocks abroad. Oil stocks like Cairn Energy and exploration stocks like Selan Exploration might be upbeat after Oil prices spike by $4 on NYMEX.

Midcap stocks continued to fly high again on D-Street. Varun Ind, VIP Industries, Brand House Retail and United Phosphorus are some of the stocks that look strong from a traders perspective. The dream run of thinksoft looks to be over. The stock hit lower circuit in the first hour of trade. There are rumors circling that a big operator who is associated with this counter is in trouble (The scrip will move to T to T segment start ing Feb 19, 2009). Hexaware Technologies, Great Offshore Ltd, Cairn India and Hindustan Oil Exploration are some of the stoks to keep on your Rada

Stocks to edge higher following positive global cues

Book Nifty btst in good Profit

Stocks in Mumbai look to recover after a correcting a little bit on Monday. Positive vibes from the Eurpean markets and uptrend in the Asian markets might bring back some buyers in to the market. Expect the benchmark index or the Sensex to gain nearly 1 percent or more than 150 points for the day

Stocks edged lower yesterday following losses in Oil and Gas and Technology stocks. Telecom sector was a major drag on the indices,with Bharti Airtel giving up more than 9 percent, as the market gave a thumbs down to the company's acquisition of Zain telecom's assets.Reliance Communications, Strelite Ind and Tata Power were other major losers in the Sensex.

The new listing, Indore-based Syncom Healthcare, which is in the marketing and manufacturing of drugs and formulations, finished the day with a premium of 17.33 per cent at Rs 88, after touching a high of Rs 107. We believe that the scrip is over valued at current levels. But, there is heightened speculative interest in this stock and who knows, this might be a money spinner like Think Soft, as it all depends on the operator behind the stock.Hind Rectifiers and SREi Infra were other stocks that look strong from a short term perspective.

Overall, a strong day for the market is in the offing with the possibility of more than 150 point gain.Lakshmi Energy, Infinite Computers and Hexaware tehnologies are some of the stocks to keep on the Radar for traders this morning

Positive momentum to prevail in the markets

Dalal Street might witness sub-dued trade on the first trading day of the week. Expect the benchmark index or the Sensex to trade in a band of 100 points for the day.Largcap stocks look weak, as it has been the case for more than a month. However some interest in select midcap stocks is not ruled out.

Telecom Stocks, especially Bharti Airtel might be active this morning after the Kuwait based Zain telecom group agreed to sell its African assets to Bharti for $10.7 billion. Expect a 3 to 4 percent move in Bharti as the news has already been factored in to the stock price. Idea and Spice Communications might move along with the blue chip.

VIP Ind, Hind Oil Explorations and HBL Power are some of the stocks that might show some strength in the coming days. Railway related stocks like Titagarh Wagons and Texmaco are two stocks that looked explosive on Friday and might see further up side this week. Lakshmi Energy and Hexware technologies are the two other stocks that must be kept on the radar for the next few days

Listless markets look for direction

Stocks might trade flat as the indices are likely to flirt with the dotted line for most of the day. The benchmark index or the Sensex might trade in a band of 50 points for the day, as there are no triggers for the market in the short run.

Consumer Goods and PSU stocks were the laggards in yesterday's trade. ONGC, NTPC and BHEL lost more than one percent each pulling down the index.Metal stocks were strong with Hindalco and Sterlite Ind leading the gainers. The outlook for the metal stocks remains strong following a fall in the dollar in the currency market.

Select Midcaps remained strong even in a lacklustre market. HMT clocked double digit percentage fains for the second day in a row, as rumors of restructuring made rounds in the market.Cranes Software, Natco Pharma and Ajanta Pharma, were other stocks that were active in the market.

Patni Computer Systems might see some volatility going in to Q3 numbers which are likely to be announced today. Dalal Street is a seeing 'lull' period right now and there is little or no news in the market. The indices might move sideways for now,before making a decisive move. The trigger, negative or positive, might come in the form of budget in few weeks.

Stocks set to gain as debt fears subside

Bulls are likely to score for the second day in a row,as subsiding fears of European debt is likely to provide the much needed trigger for the sluggish markets. Expect the Sensex to gain more than one percent, or more than 150 points for the day.

IT stocks managed to attract lot of buyers yesterday and the trend is likely to continue today. The IT sectoral index gained more than 2.5 percent for the day and might gain further in the short term. Realty stocks have seen red even on a green day as the sector has become target of short sellers. We see Realty outperforming in the short term as there might some heavy short covering in this space.

PSU's made a come back today with HMT, STC India and Dredging corp garnering double digit gains for the day. GATI Ltd is one stock that has seen great action on huge volumes and is worth looking at, as there are talks of stake sale making rounds in the market. New listing Jubilant Food works gained 6 percent to close at Rs 244. we think the stock is priced to perfection, and investors should consider taking some money off the table at the current market price.

Nifty above 4780 is buying otherwise sell on rise

Stocks on Dalal Street might might open flat to negative on the back of negative cues from the global markets. We expect the benchmark index or the Sensex to lose nearly one percent or 150 points. Some select Midcaps, have moved against trend yesterday as the interest in this space remains strong

Asian stocks are off to a weak start after a fall in U.S stocks. Australia's ASX 200 is down more than one percent led by commodity stocks, which were hit badly by the strength in dollar.Japan's benchmark Nikkei lost more than 0.5 percent in the first hour of trade.

Telecom operators like Bharti Airtel and Reliance Communications were strong on a weak market yesterday. We expect some selling coming in to these stocks today. Metals and Realty might resume their fall after a day in green yesterday.

We advice investors to stay away from the markets and wait for a better entry point as there is further room for fall. we strongly recommend to sell Midcaps in your portfolio and try to accumulate select Sensex stocks. Tulsyan NEC, Kinetic Motors, Jindal Photo and Chambal Fertilizers were some of the stocks that were active in the Midcap space.

Flat to positive start on cards for the Indian markets

Hot Picks - Reliance Media, Spicejet

Stocks on Dalal Street are poised to stay side ways after a decent performance on Saturday. Expect the benchmark index to trade in a band of 50 to 100 points for the day. Midcap and Smallcap stocks might outperform the rest of the market today.

Realty and Metal stocks which were beaten down during the melt down bounced back with close to 2 percent gains on Saturday. Unitech, JP Associates and Suzlon were among the top gainers among the Nifty stocks on some value bargain hunting by some funds and value investors.

Media companies, Multiplex stocks in particular stole the limelight for the past few sessions. Inox Leisure and Fame India hit circuit filters on Saturday and Fame India might rally further in today's trade. Reliance Media, Gujarat Gas and Indraprastha Gas were some of the stocks that saw some action and could attract some attention in today's trade.

Indian markets might see positive momentum going in to the opening bell, but profit booking might emerge at higher levels. We recommend investors to trim their holdings in high beta stocks on every rise and stick to quality names for now.

Sensex to plunge in early trade on global woes

Indian markets are expected to plunge opening on bell, as fears of slowing growth return to the market. Expect the benchmark index to lose more than 2 percent or more than 300 points for the day. One can expect selling across the board as funds might dump their holdings and lock their profits.

On Wall Street stocks crashed under the growing belief that the global economy is weaker than many investors expected and likely to stop companies from hiring.The Dow fell 268.37, or 2.6 percent, to 10,002.18. The Dow has fallen 723 points, or 6.7 percent, since closing at a 15-month high of 10,725.43 on Jan. 19.The broader Standard & Poor's 500 index fell 34.17, or 3.1 percent, to 1,063.11.

Asian stocks are off to a terrible start taking cues from the performance of U.S. markets. Both Japan's Nikkei and Australia's ASX 200 lost more than 2.5 percent for the day. Commodity stocks were hit hard this morning.

As expected, Metal and Realty stocks were crushed yesterday, and we might see a repeat today. expect the sectoral indices to lose more than 3 percent for the day. We advice investors to exit Auto stocks like Tata Motors, Mahindra and Maruti. Sell Hindalco, Tata Steel, Sterlite Ind and Sesa Goa, as these stocks might see a free fall today.

Gold futures fell sharply along with other metals and commodities on Thursday, as concerns about economic growth and debt woes in Europe fueled a rally in the dollar. Gold for April delivery slumped $49, or 4.4%, to finish at $1,063 an ounce at the New York Mercantile Exchange.

We recommend investors to book profits in the following stocks, Shree Astha Vinayak, which has gained over 80 percent this week. Dwarikesh Sugar, which has gained over 70 percent over a week. Also exit shipbuilding plays like ABG Shipyard and speculative counters like ThinkSoft, Resurgere Mines and PVP ventures.

Markets to consolidate at current levels

Indian markets are likely to take a breather after putting in a good show on Wednesday. Expect the benchmark index or the Sensex to trade in a band of 50- 100 points for the day. However, there could be a flurry of activity in the Midcap and Smallcap stocks

Metal stocks were prime beneficiaries of the rally yesterday which helped the sectoral index gain more than 4 percent yesterday. Realty was another sector that was bid up in yesterday's rise. we recommend exiting metal counters as we might see profit booking coming in the metals space. Sterlite Ind, Hindalco and Tata Steel might see some selling today.

The party in the Midcap space continued Shree Asthavinayak, KPR Mill, Infinite Computer, Glory Poly and Inox Leisure were some of the major gainers in this space. Reliance Natural is another stock that is looking interesting as there was great volume action in the counter on a 7 percent gain.Rajesh Exports and Astra Micro were two other stocks that looked strong in yesterday's trade

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Nifty Only buy above 4940 levels, otherwise short on rise.....below 4800 it is more weak

Stocks to trade higher on D- Street on positive global cues

The stock market indices in Mumbai might get a nice lift from the positive momentum in global equities. There might be some value buying and short covering in the market,that could lead to a 0.8 to one percent gain on the benchmark index.

Consumer Durables stocks were leading gainers on Sensex, while FMCG and IT stocks remained laggards. It was a come back day for the Midcap and Smallcap stocks, as the indices tracking these stocks gained 1.8 percent and 2.7 percent for the day.

Agri Commodities were on fire yesterday with LT Foods, KRBL locked in 20 percent circuit. Other gainers include Hitachi Home, Subros Ltd and Elgi Equipments, which managed double digit percentage gains.Stocks like Great OffShore and cement stocks like ACC and Gujarat Ambuja might be great BTST plays in the current market.

Overall, a positive day for the markets in the offing, and any rise in the market should be used to pare long positions, as it is not the time to have overexposure to equities

Sensex to move side ways after a volatile week

Stocks on Dalal Street are likely trade in the green after putting on agood show on Friday.we have seen some buying coming in at lower levels giving much needed support to equities. Expect the benchmark index or the Sensex to trade in a band of 50 to 100 points and most of the action is likely to be stock specific

The Reserve Bank of India on Friday, left benchmark rates unchanged and instead boosted the CRR reserve by more than forecast, to 5.75 percent.The central Bank also raised the growth forecast from 6 to 7.5 percent for the year.Banking stock had a liitle relief rally on the news that the interest rates were left unchanged. IFCI, Uco Bank, RCF, Moser-Baer India and IDBI Bank were the top gainers in the index.

Smallcap and Midcap stocks showed some signs of life on Friday with both the indices gaining more than a percent. We advise investors to book profits on every rise, and only hold some positions in the Nifty and Sensex stocks. It is a good idea to stick to the big names as we believe that the largecap stocks will out perform the Midcaps if there is a recovery in the near term